Date	Chamber	Action
4/1/2003	House	Tabled By Sponsor Rep. Sidney H. Mathias

Statutes Amended In Order of Appearance

New Act

Synopsis As Introduced
Creates the Financial Transaction Review Act. Provides that financial service providers must inform clients in writing of the right to have an attorney review any transaction involving insurance or investment products with annual or initial payments in excess of $2,500. Sets forth the scope of the review. Requires disclosures regarding conflicts of interest. Provides for administration by the Department of Insurance.

House Amendment No. 1
Adds long-term care insurance to the scope of the Act. Provides that notice of the right to an independent review and waiver of that right must be in writing.

Actions 

Date	Chamber	Action
2/26/2003	House	Filed with the Clerk by Rep. Sidney H. Mathias
2/26/2003	House	First Reading
2/26/2003	House	Referred to Rules Committee
2/27/2003	House	Assigned to Consumer Protection Committee
3/12/2003	House	House Amendment No. 1 Filed with Clerk by Consumer Protection Committee
3/12/2003	House	House Amendment No. 1 Adopted in Consumer Protection Committee; by Voice Vote
3/12/2003	House	Do Pass as Amended / Standard Debate Consumer Protection Committee; 006-003-000
3/12/2003	House	Placed on Calendar 2nd Reading - Standard Debate
3/25/2003	House	Motion Filed Rep. Sidney H. Mathias; Table House Bill 3102 Pursuant to Rule 60(b)
4/1/2003	House	Tabled By Sponsor Rep. Sidney H. Mathias

Back To Top